Tag: demand

CML: Mortgage lending edges higher in July

CML: Mortgage lending edges higher in July

The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]

September 13, 2011 | 0 Comments More
LSL: Rents reach record high in July

LSL: Rents reach record high in July

A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a record high last month. July represented the sixth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £705 – an all-time high. However, rental costs vary [...]

August 19, 2011 | 0 Comments More
Hometrack: housing market holds steady

Hometrack: housing market holds steady

The housing market in England and Wales is “in broad equilibrium” despite prices continuing to edge lower, according to Hometrack, which recorded a 0.1% fall in the value of the typical dwelling in July, compared with June. However, there are wide regional variations: prices moved higher across 8% of postcodes (primarily in London) and were [...]

July 25, 2011 | 0 Comments More
UK car sales continue downward trend in June

UK car sales continue downward trend in June

The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales fell by 6.2% in June compared with the same month in 2010. The SMMT said the number of new cars sold in the month was 183,125 – representing the twelfth consecutive monthly fall in sales. Meanwhile, registrations in the first six months [...]

July 7, 2011 | 0 Comments More
Hometrack: House prices fall in June

Hometrack: House prices fall in June

According to housing intelligence group, Hometrack, house prices in England and Wales have fallen at their fastest annual pace since October 2009. According to Hometrack, house prices fell by 0.1% in June and are 3.9% lower on the year. House prices have now fallen for 11 consecutive months, according to the group. Hometrack attributes the [...]

June 27, 2011 | 0 Comments More
Hometrack: Housing demand remains weak

Hometrack: Housing demand remains weak

According to housing intelligence group, Hometrack, house prices in England and Wales fell at their fastest annual pace since October 2009 last month. According to Hometrack, house prices fell by 0.1% on the month and are 3.7% lower on the year. House prices have now fallen for 10 consecutive months, according to the group. Hometrack [...]

May 30, 2011 | 0 Comments More
Nationwide: House prices rise 0.3% in May

Nationwide: House prices rise 0.3% in May

The latest house price index from the Nationwide Building Society has revealed a 0.3% rise for the month of May compared with April. The latest fall means house prices are now 1.2% lower than this time last year with the average UK home costing £167,208. Despite the rise, the housing market remains subdued as a [...]

May 27, 2011 | 0 Comments More
Average rent up 4.4% on year

Average rent up 4.4% on year

A report by letting agency network LSL Property Services has revealed tenant demand has risen in recent weeks after April’s long bank holiday weekends and warm weather led to a surge in would-be tenants looking for property. According to the agency, rents grew by 0.8% in April to £692 per month compared with the previous [...]

May 20, 2011 | 0 Comments More
House prices level but downward pressures loom

House prices level but downward pressures loom

House prices in England and Wales were unchanged in April, with no price fall recorded for the first time in nine months, according to Hometrack. A 0.3% rise in London prices offset small falls of up to -0.3% across other regions, with just under a quarter of the country showing falls. The housing intelligence firm [...]

May 5, 2011 | 0 Comments More
High Street sales remain sluggish

High Street sales remain sluggish

High Street sales remain sluggish, rising slightly in April compared with a year ago, but disappointing retailers’ expectations. According to the latest Distributive Trades Survey from the Confederation of British Industry (CBI), only 12% of retailers reported “good” sales last month, while 35% said they were “poor”. However, many retailing sub-sectors saw a modest improvement [...]

May 3, 2011 | 0 Comments More
UK car sales continue to fall in March

UK car sales continue to fall in March

The Society of Motor Manufacturers and Traders (SMMT) has today revealed UK car sales fell by 7.9% in March compared with the same month in 2010. March saw the introduction of the new 11-plate cars. The continuous fall in sales was expected due to the withdrawal of the scrappage scheme. The SMMT said the number [...]

April 6, 2011 | 0 Comments More
Australian dollar rises to 29-year high against US dollar

Australian dollar rises to 29-year high against US dollar

The Australian dollar has hit a 29-year high against the US dollar to $1.0318 - a level not seen since it was floated in 1983. Analysts have attributed the rise to increasing demand for the country’s commodities. Australia has benefited from an increase in commodity prices, while exports have received a boost due to demand [...]

March 30, 2011 | 0 Comments More
Royal Mail unveils job losses under modernisation plans

Royal Mail unveils job losses under modernisation plans

The Royal Mail has today announced it will axe 1,700 jobs and close two mail centres in London under modernisation plans. The company has deemed the job losses necessary and come on top of the 1,700 jobs already lost this year. The latest job losses include 1,000 managers across the UK and come as the [...]

March 21, 2011 | 0 Comments More
G7 nations agree to stabilise Japanese yen

G7 nations agree to stabilise Japanese yen

Finance ministers of the group of seven nations have agreed to intervene to stabilise the Japanese yen - which has reached record highs this week. Earlier this week, the yen reached a post-war record high against the US dollar following last Friday’s earthquake and tsunami. The disasters also sent global shares into freefall earlier this [...]

March 18, 2011 | 0 Comments More
Japanese yen hits record high

Japanese yen hits record high

The Japanese yen reached a post-war record high against the US dollar following last Friday’s earthquake and tsunami. The disasters have sent global shares into freefall but the worry for the world’s third largest economy is a strong yen, which continues to weaken demand for exports. Today, Japan’s Nikkei 225 index fell a further 1.4% [...]

March 17, 2011 | 0 Comments More
Halifax reports 0.9% fall in February house prices

Halifax reports 0.9% fall in February house prices

The Halifax has today revealed UK house prices fell by 0.9% last month compared with January, when prices rose 0.8%. The latest house price rise takes the average cost of a UK home to £162,657, the Halifax said. Meanwhile, in the three months to February, prices dropped 2.8% on an annual basis - the fastest [...]

March 4, 2011 | 0 Comments More
Hometrack: House prices fall eighth consecutive month

Hometrack: House prices fall eighth consecutive month

According to housing intelligence group, Hometrack, house prices in England and Wales fell for the eighth consecutive month in February. According to Hometrack, house prices fell by 0.2% on the month - however, this was the smallest decline for six months. On an annual basis, meanwhile, house prices were 2.7% lower in February - the [...]

March 3, 2011 | 0 Comments More
Japan reports first trade deficit in 22 months

Japan reports first trade deficit in 22 months

The Ministry of Finance has today revealed Japan posted its first trade deficit since March 2009 in January, due to slower exports. The world’s third largest economy posted a trade deficit of 471.42 billion yen (£3.52 billion) in January, with exports rising just 1.4% - analysts had forecast a rise of closer to 7%. Meanwhile, [...]

February 23, 2011 | 0 Comments More
Rics: Housing market remains sluggish

Rics: Housing market remains sluggish

The Royal Institution of Chartered Surveyors (Rics) has today revealed uncertainty surrounding the economy means buyers and sellers remain cautious. As a result, the housing market has got off to a slow start in 2011 as buyer demand remains weak and supply levels remain low. However, the Institution said new buyer enquiries picked up in [...]

February 8, 2011 | 0 Comments More
Rics: Housing activity slumped in December due to big freeze

Rics: Housing activity slumped in December due to big freeze

The Royal Institution of Chartered Surveyors (Rics) has today revealed activity in the UK housing market fell in December as heavy snowfall gripped most of the country during the month. The Institution said new buyer enquiries were down, while new instructions from vendors fell to an 18-month low. Uncertainty surrounding the economy and the ongoing [...]

January 18, 2011 | 0 Comments More